Healthcare of Ontario Pension Plan Trust Fund Boosts Stock Position in Illinois Tool Works Inc. $ITW

Healthcare of Ontario Pension Plan Trust Fund lifted its position in Illinois Tool Works Inc. (NYSE:ITW) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 509,436 shares of the industrial products company’s stock after buying an additional 39,935 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Illinois Tool Works were worth $125,474,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ITW. Norges Bank acquired a new stake in shares of Illinois Tool Works in the fourth quarter valued at $808,351,000. Northwestern Mutual Wealth Management Co. raised its stake in Illinois Tool Works by 1,517.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 390,022 shares of the industrial products company’s stock valued at $96,062,000 after buying an additional 365,915 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Illinois Tool Works by 11.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,311,357 shares of the industrial products company’s stock valued at $815,587,000 after buying an additional 353,056 shares in the last quarter. Caisse de depot et placement du Quebec raised its stake in Illinois Tool Works by 293.0% in the third quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock valued at $110,705,000 after buying an additional 316,512 shares in the last quarter. Finally, Pinebridge Investments LLC acquired a new stake in Illinois Tool Works in the fourth quarter valued at $76,764,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Stock Performance

Shares of ITW stock opened at $257.22 on Friday. The stock’s 50-day moving average is $258.18 and its two-hundred day moving average is $262.87. The firm has a market cap of $74.00 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 4.42 and a beta of 1.01. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.09. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.38 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Analysts predict that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a dividend of $1.61 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.5%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 59.80%.

Insider Activity

In related news, Director Jennifer F. Scanlon purchased 806 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average price of $247.99 per share, with a total value of $199,879.94. Following the completion of the acquisition, the director directly owned 1,652 shares in the company, valued at $409,679.48. This represents a 95.27% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on ITW. JPMorgan Chase & Co. cut their price target on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Barclays cut their price target on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Evercore cut their price target on Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Wolfe Research raised their price target on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $271.92.

Illinois Tool Works Profile

Illinois Tool Works Inc (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.

The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.